Form 4: Corebridge Financial CEO Kevin T. Hogan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Corebridge Financial's CEO, Kevin T. Hogan, reports the withholding of shares to cover taxes upon vesting of restricted stock units and an adjustment to previously reported holdings.
Summary
- On March 3, 2025, Corebridge Financial CEO Kevin T. Hogan reported changes in his beneficial ownership of the company's common stock.
- 35,936 shares were withheld to cover taxes upon the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $34.68 per share, which was the closing price of Corebridge Financial Inc.'s common stock on February 28, 2025.
- The report also reflects an additional 1,386 shares that were inadvertently omitted from the reporting person's February 22, 2024 Form 4, amended on February 28, 2025.
- Following the reported transaction, Hogan beneficially owns 302,534 shares, including RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock ownership and tax withholding, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common for publicly traded companies. It provides transparency to investors regarding the holdings of key company personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The tax withholding has no direct impact on employees or customers.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of original Form 4 filing that was later amended. |
| February 28, 2025 | Closing price of Corebridge Financial Inc.'s Common Stock used for tax withholding. |
| March 3, 2025 | Date of the reported transaction (tax withholding). |
| March 5, 2025 | Date of signature on the Form 4 filing. |
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